logo
Plus   Neg
Share
Email

Pep Boys CEO Mike Odell Resigns; Names John Sweetwood Interim Chief

Auto parts retailer Pep Boys - Manny, Moe & Jack (PBY) Friday said it's President, Chief executive and Director Mike Odell has resigned. The company named John Sweetwood as interim Chief, effective immediately.

Sweetwood has been on Pep Boys' board since 2002, and is currently the President of Woods Investment, LLC, a private real estate investment firm. Previously, he was the President of the Americas Six Continents Hotels, that operates hotels under the InterContinental, Crown Plaza, Holiday Inn and other brands.

The board plans to consider internal and external candidates for the position of a permanent CEO.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
McDonald's Corp. has announced the return of its popular Shamrock Shake milkshake for a limited time at participating U.S. restaurants nationwide. The minty green milkshake is made with McDonald's vanilla soft serve blended with Shamrock Shake syrup and topped with whipped topping. It first debuted on the McDonald's menu in 1970 and has been a seasonal tradition for nearly 50 years. Asia-focused lender HSBC, through its blockchain-powered platform, has reduced the cost of settling foreign exchange trades by 25 percent, Reuters reported quoting a bank executive overseeing the project. Mark Williamson, chief operating officer of FX cash trading and risk management, told that the bank processes between 3,500 and 5,000 trades a day on its "FX Everywhere" system. PepsiCo, Inc. (PEP) reported fourth-quarter core EPS of $1.49 compared to $1.31, prior year. Excluding the impact of foreign exchange translation, core constant currency EPS increased 17 percent year-over-year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per...
Follow RTT